Residential Lending Underwriter

DUTIES

• Review and analyze credit reports, income documentation, assets, appraisal reports, and other pertinent information to determine loan eligibility.
• Underwrite conventional, portfolio, Mass Housing and equity lines/loans to investor guidelines, internal overlays (if applicable) and regulatory standards.
• Communicate courteously with customers, attorneys and lending staff; provide loan status updates, request information, resolve issues, and ensure customer satisfaction.
• Verify customer loan information including third party verification; distribute verifications for employment, credit or assets, as applicable.
• Ensure all loan documentation is complete and accurate.
• Respond to loan applicant inquiries and manage pipeline tasks.
• Verify compliance with Qualified Mortgage/Ability to Repay regulations, Investor and Private Mortgage Insurance guidelines; run automated underwriting.
• Issue approval and denials within lending authority.
• Create and review commitment or denial letters with all applicable disclosures.
• Update loan origination and secondary market systems; submit appraisals for Freddie Mac loans to Uniform Collateral Data Portal (UCDP) for approval.
• Retain updated knowledge of loan products.
• Conduct loan audits prior to closing and review Home Mortgage Disclosure Act (HMDA) data for accuracy.
• Support internal and external audits by providing requested documentation and responses.
• Share in all departmental duties as well as perform other duties as required or requested by the SVP/Sr. Residential Lending Officer.

SKILLS AND QUALIFICATIONS

• Bachelor’s degree in finance, business, or a related field preferred
• Five or more years of experience in mortgage underwriting
• Familiarity with both conventional and government loan programs
• Certification from recognized underwriting authorities (e.g., DE Certification) preferred
• Proficiency in using automated underwriting systems
• Strong analytical and problem-solving skills
• Excellent written and verbal communication skills
• Detail-oriented with strong organizational abilities
• Ability to work independently and as part of a team
• Up-to-date knowledge of industry regulations and standards
• Previous experience in a mortgage underwriting role
• In-depth understanding of mortgage loan products and services
• Knowledge of federal and state lending regulations
• Proficiency in financial analysis and assessment
• Strong decision-making skills
• Ability to interpret and validate credit reports, appraisals, and other financial documents
• High level of accuracy and attention to detail
• Excellent critical thinking and analytical skills
• Capability to handle complex loan structures and scenarios
• Effective communication skills for conveying decisions and conditions